Business News Archives | Page 36 Of 37

Disney’s ‘Inside Out 2’ could be the first billion-dollar movie of 2024

Disney and Pixar’s “Inside Out 2” could be the first film since Warner Bros.’ “Barbie” to top $1 billion at the global box office. The animated feature has tallied $724.4 million worldwide as of Sunday, making it the highest-grossing film of 2024. Warner Bros. and Legendary Entertainment’s “Dune: Part Two” previously held this year’s record […]

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Ferrari CEO says all-electric model preserves the ’emotion’ of the famed supercars

Business News

Ferrari’s all-electric model won’t be launched for over a year, but early tests indicate it has all the driving traits and emotion of a true Ferrari, according to Ferrari CEO Benedetto Vigna. “The final judge will be the client,” Vigna told CNBC during the opening of the company’s new E-Building in Maranello, Italy. “More people

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Paramount+ to increase prices for its streaming plans

Business News

Paramount Global is hiking the price of its flagship streaming service as the company looks to turn around its business. The company said Monday it will raise the price of the Paramount+ with Showtime plan by $1 to $12.99 a month, and the price of its Paramount+ Essential option will increase by $2 to $7.99

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Fast fashion retailer Shein confidentially files for London IPO

Business News

Shein sign during its opening, at ABC Serrano, on 26 April, 2024 in Madrid, Spain. Alejandro Martinez Velez | Europa Press | Getty Images Fast fashion giant Shein has confidentially filed for a public listing in London, a person familiar with the matter told CNBC. It marks another twist in the company’s so-far long road

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Eli Lilly expects FDA decision on weight loss drug Zepbound for sleep apnea as early as end of the year

Business News

Eli Lilly on Friday said it applied for U.S. approval of its weight loss drug Zepbound for the treatment of the most common sleep-related breathing disorder and expects regulators to make a decision as early as the end of the year. If cleared by the Food and Drug Administration, the company plans to launch Zepbound for so-called obstructive

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Regulators hit Citigroup, JPMorgan Chase, Goldman Sachs and Bank of America over living will plans

Business News

Jane Fraser, CEO of Citigroup, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nations Largest Banks, in Hart Building on Thursday, September 22, 2022. Tom Williams | CQ-Roll Call, Inc. | Getty Images Banking regulators on Friday disclosed that they found weaknesses in the resolution plans of

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Forever 21 seeks rent concessions as fast-fashion brand faces financial woes

Business News

A Forever 21 store is pictured in London on Sept. 30, 2019. Alberto Pezzali | NurPhoto | Getty Images Forever 21 is asking landlords for a break on rent as the legacy fast-fashion player’s sales decline and it struggles to keep up with savvier competitors, CNBC has learned. The retailer, which has more than 380

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Home prices hit record high in May as sales stall

Business News

Sales of previously owned homes are sitting at a 30-year low and didn’t move much in May as prices hit a new record and mortgage rates remain high. So-called existing home sales in May were essentially flat, down 0.7% from April to a seasonally adjusted, annualized rate of 4.11 million units, according to the National

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Experts say Shein’s U.S. IPO is all but dead

Business News

The Shein logo can be seen on a smartphone, while the Chinese online retailer’s website is open on a laptop. Monika Skolimowska | Picture Alliance | Getty Images China-founded e-commerce company Shein’s hopes of going public in the United States are growing slimmer by the day, according to experts, as rising tensions between Beijing and

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Gilead’s twice-yearly shot to prevent HIV succeeds in late-stage trial

Business News

Gilead‘s experimental twice-yearly medicine to prevent HIV was 100% effective in a late-stage trial, the company said Thursday. None of the roughly 2,000 women in the trial who received the lenacapavir shot had contracted HIV by an interim analysis, prompting the independent data monitoring committee to recommend Gilead unblind the Phase 3 trial and offer

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Disney’s ‘Inside Out 2’ could be the first billion-dollar movie of 2024

Ferrari CEO says all-electric model preserves the ’emotion’ of the famed supercars

Paramount+ to increase prices for its streaming plans

Fast fashion retailer Shein confidentially files for London IPO

Eli Lilly expects FDA decision on weight loss drug Zepbound for sleep apnea as early as end of the year

Regulators hit Citigroup, JPMorgan Chase, Goldman Sachs and Bank of America over living will plans

Forever 21 seeks rent concessions as fast-fashion brand faces financial woes

Home prices hit record high in May as sales stall

Experts say Shein’s U.S. IPO is all but dead

Gilead’s twice-yearly shot to prevent HIV succeeds in late-stage trial

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